Fiscal policy institutions and history

  1. David Cuberes Vilalta
  2. Andrew Mountford
Revista:
Working papers = Documentos de trabajo: Serie AD

Any de publicació: 2012

Número: 2

Pàgines: 1-11

Tipus: Document de treball

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Resum

This paper shows that historical variables can explain a significant part of discretionary government spending across countries. We argue that these results provide evidence in favor of Besley and Persson’s (2009) hypothesis that institutional quality or state capacity is historically determined and further that institutional quality determines, in part, economic policy.

Fuente de los datos: Dialnet